PARUS FINANCE UK Ltd lessened its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 279,125 shares of the specialty retailer’s stock after selling 3,115 shares during the quarter. Alibaba Group accounts for approximately 8.7% of PARUS FINANCE UK Ltd’s holdings, making the stock its 4th largest holding. PARUS FINANCE UK Ltd’s holdings in Alibaba Group were worth $48,130,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. MUFG Americas Holdings Corp acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $101,000. First Eagle Investment Management LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at about $104,000. Lenox Wealth Advisors Inc. raised its stake in shares of Alibaba Group by 2,636.4% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 580 shares during the period. Trustcore Financial Services LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $107,000. Finally, Lorber David A acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at about $109,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on BABA shares. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research note on Monday, December 4th. Robert W. Baird lifted their target price on Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Vetr downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $206.73 target price on the stock. in a research report on Friday, November 17th. Morgan Stanley set a $250.00 target price on Alibaba Group and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, KeyCorp lifted their target price on Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $211.22.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The firm had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. equities research analysts expect that Alibaba Group Holding Ltd will post 4.05 EPS for the current year.
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Alibaba Group Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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